Captrust Financial Advisors Acquires 197 Shares of AECOM (NYSE:ACM)

Captrust Financial Advisors boosted its holdings in AECOM (NYSE:ACM) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,939 shares of the construction company’s stock after purchasing an additional 197 shares during the period. Captrust Financial Advisors’ holdings in AECOM were worth $741,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its stake in AECOM by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company’s stock worth $397,196,000 after purchasing an additional 373,991 shares during the last quarter. Norges Bank bought a new stake in AECOM in the fourth quarter worth $190,495,000. Northern Trust Corp lifted its stake in AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company’s stock worth $177,844,000 after purchasing an additional 580,078 shares during the last quarter. FMR LLC raised its stake in shares of AECOM by 2.9% during the fourth quarter. FMR LLC now owns 1,360,510 shares of the construction company’s stock valued at $145,330,000 after acquiring an additional 38,177 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of AECOM by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company’s stock valued at $128,820,000 after acquiring an additional 94,880 shares during the last quarter. 85.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

ACM has been the subject of several recent analyst reports. Truist Financial lowered their price objective on shares of AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. KeyCorp lowered their price objective on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Barclays upped their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada upped their price objective on shares of AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Finally, Citigroup boosted their price target on shares of AECOM from $116.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $119.00.

AECOM Price Performance

Shares of NYSE ACM opened at $109.48 on Friday. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50-day moving average is $96.63 and its 200 day moving average is $103.56. The stock has a market capitalization of $14.48 billion, a P/E ratio of 31.10, a P/E/G ratio of 1.63 and a beta of 0.96.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share. On average, sell-side analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is presently 22.66%.

About AECOM

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.